ADX delegation visits Shanghai Stock Exchange

ABU DHABI: A delegation from the Abu Dhabi Securities Exchange (ADX), headed by Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, recently visited the Shanghai Stock Exchange, where they met their counterparts Feng Jiang, CEO of the Shanghai Stock Exchange, Monica Zhang, Head of Financial Institutions Group, and Daisy Soi, Managing Director of HSBC Bank in China. The delegation also met senior officials and key representatives of China’s financial markets.

The visit comes as part of the framework of strengthening the comprehensive strategic partnership between the financial markets and exploring and enhancing the partnership and cooperation opportunities for investors and businesses, as well as attracting the attention of a series of governmental and private institutions.

Bilateral meetings also took place to discuss frameworks of joint cooperation and explore opportunities to enhance bilateral work in the future for both the immediate and long terms. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX said: “The visit was a great success and included a series of fruitful meetings, during which we discussed a range of regulatory issues and market practices that affect all aspects of trade exchanges.

We also agreed upon the need to encourage the flow of information and dialogue between our Exchanges.

Further, our institutions explored opportunities to benefit from new technologies and exchanged valuable experiences. “The meeting agenda included subjects including the best ways to benefit from using the latest techniques in the international financial markets, trade exchanges houses and stock trade to boost investment.

“Opportunities to find common ground for intensifying cooperation were also discussed as well as idea exchanges on the latest technologies used by the two parties in daily transactions.